The pandemic is causing acute supply shortages across the globe in a wide number of industries. One of the dearer products is semiconductors (or electronic chips). Chips are like brains for electronic products. Demand for electronics (such as phones, laptops, gaming consoles etc.) have increased as people of all ages have begun to study or work from home. There has been a shortage in supply due to lockdowns globally. Now the demand-supply gap is at a level which will take its sweet time to normalize.
Globally, the dent is more visible in the automobile sector. Cars are getting smarter day by day and without its Electronic Control Unit (ECU), a car is just a display toy. ECU supplies are adversely affected. Several automobiles have temporarily closed their plants around the world, including in the US and UK. Some are making crippled units (cars are assembled without ECUs) while…
